The show of support from the Central Economic Work Conference comes month after the State Council pledged major new policy commitments to help the country’s digital economy.
Tagged By banking
Fintech and ‘China’s Reinvention of Money’
Identify the key components of China’s fintech revolution. Fintech transformed a backward financial system into a world-leading adopter of technology. It began with online payments, which tech firms …
Citigroup (C) to Shut Down China Consumer Banking Business
Citigroup (C) is exiting its Chinese consumer banking business. The move, expected to affect nearly 1,200 employees, will have no material impact on its financials.
Citi to wind down China retail presence
The move will affect 1,200 employees, but the cost is not expected to be material, the bank said. Citi now has an exit strategy in place for all but one of the markets mentioned in…
U.S. and China Suddenly Play a Bit Nicer—Except in Chips
China is making some significant concessions to Washington in the trade and financial policy arenas.
2 COVID-19 deaths reported in Beijing as virus surges
Chinese health authorities on Monday announced two additional COVID-19 deaths, both in the capital Beijing, that were the first reported in weeks and come during an expected surge of illnesses after …
Three stocks to watch for China’s reopening
China’s road to reopening is front of mind for investors as we go into 2023. But will it also be the best news story of the new year for markets?
News Analysis: Optimized epidemic response to help China achieve “J-curve” economic recovery
A senior economic official said the optimized response China adopted to deal with COVID-19 is expected to have a “J-curve effect” on the economy that will help it gain strong growth momentum in 2023.
India ramps up lending to counter China
This is an audio transcript of the FT News Briefing podcast episode: ‘India ramps up lending to counter China’ Jess Smith Good morning for the Financial Times. Today is Monday, December 19th, and this …
Asia-Pacific markets fall as recession fears grow, China vows to stabilize economy
Asia-Pacific markets traded lower as recession fears grow. Chinese officials vowed to stabilize its economy in 2023 and maintain ample liquidity in financial markets in order to meet key targets …
China Green Finance with a Cup of Tea Episode 2: China’s Green Bond Market
Caixin Global invited Mr. XIE Wenhong, Head of China Programme at Climate Bonds Initiative, to share his insights on what international investors should know about China’s green bond market.
China Reports First Two Covid Deaths Since Easing Rules, But Numbers Don’t Stack Up
More than a month after China started seeing an exponential surge in Covid cases, the country has only reported two virus deaths, defying the experience of other, more vaccinated and better resourced …
Renesas halts work at Beijing plant due to COVID spread
TOKYO (Reuters) – Japanese chip maker Renesas Electronics Corp suspended work at its Beijing plant from Friday for several days due to the spread of COVID-19 in the city and out of consideration for …
